Discontinued Plan

These are Withdrawn Plans from Life Insurance Corporation.

LIC Jeevan Arogya

LIC Jeevan Arogya

LIC’s new health insurance Jeevan Arogya (Plan No. 903) provides fixed benefits for hospitalization and almost all types of surgical procedures.  Jeevan Arogya can cover all your family members. LIC Jeevan Arogya gives you: Valuable financial protection in case of hospitalization, surgery, etc Increasing Health cover every year Lump-sum benefit irrespective of actual medical costs …

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LIC Samridhi Plus

LIC Samridhi Plus

LIC Samridhi Plus Summary:
LIC Samridhi Plus is a ULIP plan. LIC Samridhi Plus (Plan No.804) is a close ended plan which would be open for sale for a maximum period of 3 months.

LIC Samridhi Plus Plan at Glance:

  • Guaranteed Highest NAV of the first 100 months at Maturity
  • Policy Term 10 years
  • Lock in period 5 years
  • Limited Premium Payment (5 years or single premium)
  • Unlimited investment under Single Premium
  • Insurance Protection
  • Easy liquidity through Partial Withdrawals
  • Entry age 8 to 65 years

LIC Samridhi Plus with a policy term of 10 years that offers payment of Fund Value at the end of the policy term based on the highest Net Asset Value (NAV) over the first 100 months of the policy or the NAV as applicable at the end of the policy term, whichever is higher. The premium payment under this plan is limited to single or 5 years. The policyholder can choose the level of cover within the limits, depending on his/her age. Read more about LIC Samridhi Plus

LIC BIMA Account 1

LIC BIMA Account 1

LIC Bima Account Summary: LIC Bima Account 1 (Plan No. 805) is a without profit Variable Insurance Product wherein the proposals will be accepted under Non-medical Scheme only. Under this plan there will be a Policyholder’s Account maintained separately for the individual policyholder, which shall consist of two parts; Policyholder’s Regular Premium Account Policyholder’s Top-up …

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Two Year Temporary Assurance

Two Year Temporary Assurance

Temporary Assurance policy (Table no. 43) caters to the individuals who specifically need insurance cover against risk for a short period of two years or less, for example, if you are going on tour for a year or two, you may consider a Temporary Term assurance plan.

LIC Temporary Assurance plan is for insuring non-insurance minded class of lives who require risk cover for a short period of 2 years or less. However, this plan is not allowed to pregant women, physically handicapped lives and when occupational extra chargeable.

Mortgage Redemption Assurance

Mortgage Redemption Assurance

Mortgage Redemption Assurance policy (Table No. 52) (without profits) is designed to meet the requirements of the policy holding individual who want to ensure that all his outstanding loans and debts are automatically paid up in the event of his unfortunate death. If you have a home loan or any other loan or debt then this policy is for you.

Under the Mortgage Redemption Assurance policy (without profits), proposar will have to pay the medical examination fee.

LIC Mortgage Redemption policies are usually issued only to male lives aged 50 years or less.

LIC Child Career Plan

LIC Child Career Plan

LIC Child Career Plan Summary:
LIC Child Career Plan (Table 184) provides funds at regular yearly intervals for professional or higher education and start-in-life in the form of 6 money back installments commencing from minimum age of 18 years. So your child will get money when they really need it.

Child’s Career Plan (Table no. 184, with profits)
Under Child’s Career Plan
vested bonus is payable along with first survival benefit of 30% of sum assured followed by subsequent 5 annual survival benefits @15% of sum assured. Thus total returns being 105% of basic sum assured + vested bonus and terminal bonus, if any.

Pension Plus Plan 803

Pension Plus Plan 803 – ULIP Based

LIC Pension Plus is a unique UNIT Linked pension plan where a minimum rate of interest of 4.5% is confirmed and guaranteed. Also after maturity, one third of the corpus can be withdrawn as a lumpsum amount and the remaining two-thirds would be paid in either monthly or half-yearly installments (Pension) after maturity, which would be decided by the policy holders. The plan is without any life cover during the deferment term of the policy.

For more details visit: https://mypaisa.in/pension-plus/

Jeevan Amrit

Jeevan Amrit

Jeevan Amrit (Plan No.186) is designed to meet the needs of persons having high earning for short span, wherein the income may decrease or stop thereafter. During the period of high income, the premium paying capacity of such persons is quite high. The premium will be high during first year and thereafter premium comes down significantly i.e. to the extent of half or 1/3rd or 1/4of the first year premium. You can choose the policy term from 10 to 30 years. Under Jeevan Amrit plan premium payment is limited to 3 or 4 or 5 years. During PPT, the premium payable in subsequent years is higher than the premium payable during the first year.

Read Rest of the Jeevan Amrit details Here –> https://mypaisa.in/jeevan-amrit/